Robert W. Baird reissued their buy rating on shares of HMS Holdings Corp (NASDAQ:HMSY) in a research report report published on Friday. Robert W. Baird currently has a $17.00 target price on the business services provider’s stock.
Several other equities analysts have also recently commented on the stock. Canaccord Genuity decreased their price target on shares of HMS Holdings Corp from $22.00 to $17.00 and set a buy rating for the company in a research report on Monday, November 6th. Jefferies Group LLC reissued a neutral rating on shares of HMS Holdings Corp in a research report on Sunday, November 5th. BidaskClub cut shares of HMS Holdings Corp from a buy rating to a hold rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of HMS Holdings Corp from a hold rating to a buy rating and set a $22.00 price target for the company in a research report on Tuesday, August 1st. Finally, UBS AG raised shares of HMS Holdings Corp from an outperform rating to a strong-buy rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. HMS Holdings Corp presently has an average rating of Buy and an average target price of $21.31.
Shares of HMS Holdings Corp (NASDAQ HMSY) opened at $15.76 on Friday. HMS Holdings Corp has a 1-year low of $11.01 and a 1-year high of $20.90. The firm has a market cap of $1,311.70, a P/E ratio of 30.00, a P/E/G ratio of 2.40 and a beta of 0.94.
HMS Holdings Corp (NASDAQ:HMSY) last posted its earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). HMS Holdings Corp had a net margin of 4.94% and a return on equity of 7.93%. The company had revenue of $125.70 million during the quarter, compared to analyst estimates of $147.62 million. During the same quarter last year, the business posted $0.24 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. research analysts expect that HMS Holdings Corp will post 0.59 earnings per share for the current year.
HMS Holdings Corp announced that its board has initiated a stock buyback program on Friday, November 3rd that permits the company to buyback $50.00 million in shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
In other news, EVP Cynthia Nustad sold 22,907 shares of HMS Holdings Corp stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $17.64, for a total transaction of $404,079.48. Following the completion of the sale, the executive vice president now directly owns 73,877 shares of the company’s stock, valued at approximately $1,303,190.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman William C. Lucia sold 29,894 shares of HMS Holdings Corp stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $20.00, for a total transaction of $597,880.00. Following the sale, the chairman now directly owns 222,745 shares of the company’s stock, valued at $4,454,900. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,535 shares of company stock valued at $1,368,537. Corporate insiders own 3.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC lifted its position in HMS Holdings Corp by 80.4% in the second quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 2,492 shares during the last quarter. Koch Industries Inc. purchased a new stake in HMS Holdings Corp in the second quarter valued at $197,000. Fox Run Management L.L.C. purchased a new stake in HMS Holdings Corp in the second quarter valued at $198,000. Oppenheimer & Co. Inc. lifted its position in HMS Holdings Corp by 1.9% in the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 200 shares during the last quarter. Finally, Pitcairn Co. purchased a new stake in HMS Holdings Corp in the third quarter valued at $203,000. 93.92% of the stock is owned by hedge funds and other institutional investors.
HMS Holdings Corp Company Profile
HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate.
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